T2108 Update – Overbought Conditions End With the Nasdaq Leaning Against Bearish Hints
January 10, 2017 at 06:27 AM EST
XLE’s drop is a continuation move of the weakness that started with the “gap and crap” on December 12th. That day marked an intraday high and then a closing high the following day. A test of 50DMA support seems likely.